Body Shop Canada files for bankruptcy protection, plans restructuring
CTV
The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act.
The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act.
The Canadian subsidiary of the international cosmetics brand announced Friday that it will immediately begin liquidating almost a third of its 105 stores.
The company did not say how many workers would lose their jobs as a result of the store closures that span locations in cities including Toronto, Ottawa, Edmonton, Calgary, Saskatoon and Saint John.
A court filing showed the company owes more than $3.3 million to unsecured creditors and about $16,400 to secured creditors.
The company's U.S. arm has also ceased operations, The Body Shop Canada said Friday.
The moves come weeks after the company's parent, The Body Shop International Ltd., filed for administration -- a process that allows companies to restructure or wind down without paying off its debts -- in the U.K.
British media reported Thursday that 75 of the brand's U.K. stores would close and 40 per cent of its headquarters staff would be laid off.
With the number of homeless people in Saskatoon at an unprecedented high, it’s no surprise people are looking for places to warm up.
The next chapter of the Lemay Forest saga has unfolded as the sounds of trees coming down could be heard Monday.
The stormy weather in the forecast for B.C.'s South Coast is already disrupting many Christmas Day travel plans.
A break in, theft, and continued property damage has led to the boarding up of the Palace Theatre over the Christmas holidays.
Police in Nova Scotia are investigating after two deaths in Truro, N.S., over the weekend have been ruled homicides.
Calgary police shut down Glenmore Trail overnight following a crash between a car and a crane truck.
Ontario's Human Rights Tribunal has awarded members of an Indigenous family in North Bay $15,000 each after it ruled they were victims of discrimination.
A heavy snowfall has guaranteed much of Quebec a white Christmas, but it has also sent cars skidding off the province's roads during the busy holiday travel period.
For many of the women attending My Sister’s Place (MSP) in London, Ont. the holidays are a difficult time.
RCMP in New Brunswick are investigating after a business in Janeville was broken into and a number of items were stolen.
Canada appears to be barrelling toward a spring election now that the NDP is vowing to vote down the government early next year -- whether Prime Minister Justin Trudeau stays on or not.